The EBRD also commented that Central Asian economies experienced robust growth in the first half of the year, driven by the revival of international trade and tourism, along with high levels of migration and remittances from Russia. Serbia’s growth forecast was slightly reduced to 1.8% for 2023, down from the previous 2.0%, attributed to surging inflation. For Georgia, the bank raised its 2023 growth projection to 6.0% but anticipates a deceleration to 4.5% in 2024.